IOSG: 86% of Papertrade traders' net losses went to PAPER stakers
- —Notional volume hit $1.361 trillion in 212 hours, with $249 million in liquidations
- —Of the $249 million, $185 million paid profitable traders and $54.1 million went to stakers
- —Top 1,000 wallets: 81% of losses and 91% of distributions; 8.69 billion PAPER issued
- —The $0.0243 price is the para:PAPER HIP-3 futures, not spot; open interest is about $5 million
Why it matters: Papertrade's model shifts trader losses to stakers, raising questions about the pool's sustainability as volume grows.
Source: TokenPost